The long-abandoned unfinished medical hotel in Marcali is expected to finally go on sale after a court has officially determined its market value.

Located next to Marcali's thermal bath (on the right in the picture below), the 60% complete property has been valued at Ft 1.92 billion forint, news agency MTI has reported.

The liquidator is now expected to announce an auction for the sale of the complex. The starting price will be set at Ft 960 million, half of the estimated market value.

The 10,000-square-meter property was previously scheduled to open in 2011 with 116 rooms. But its construction was suspended after the main investor, Israeli-Dutch developer CEE Hotels Holdings, pulled out from the project following the 2008 financial crisis.

Marcali Szálloda, the project company responsible for the development, was taken over by Ferrobeton, the biggest subcontructor. Ferrobeton spent more than Ft 100 million on maintaining the unfinished property in the past several years.

The local municipality is also a minority owner in the project company with a 10.4% stake, Marcali mayor László Sütő said. He said several companies have already expressed interest in the property.

Állítsa be, hogy a Turizmus.com cikkeit az elsők között lássa a Google keresőben!